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Pune India, Jan. 28, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the injection molding market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the injection molding market are present across various countries in the above-mentioned regions.
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The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the material, technology, application, and region. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the below paragraphs.
The significant players operating in the global injection molding market are Berry Global Inc, Silgan Holdings Inc., AptarGroup, Inc., Amcor PLC, and ALPLA. among others. To achieve a substantial market share in the worldwide injection molding market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
It is projected that there would be an increase in demand for the mass production of thousands of identical components at reduced prices, together with design flexibility and precision, particularly from a variety of end-user industries like packaging, medicine, and electronics. The world’s economic recovery has been threatened by the omicron strain’s sudden increase in 2021. A lockdown could be imposed and the supply chain could be disrupted because of the high transmissibility and ability to infect persons who have received immunizations. Additionally, to safeguard themselves against upcoming disruptions that are projected to raise market demand, countries like China, India, and South Korea are focusing on boosting domestic production. The COVID-19 outbreak caused a transformation in the U.S. injection molding market as the participants boosted their capacity to meet the escalating market needs. Medical equipment demand, rising healthcare spending, and an increase in manufacturers utilizing medical injection molding technologies are all anticipated to positively affect growth. Mass production, bridge tooling, and prototype development are the three key procedures in injection molding services. Prototypes are necessary for the fabrication of parts in order to assess the shape and form of the components prior to moving forward with their manufacturing with the actual designs.
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Scope of Injection Molding Market Report
|Market Share Unit||USD Billion|
|Segments Covered||Material, Technology, Application, and Regions|
|Regions Covered||North America, Europe, Asia-Pacific, South America, and Middle-East and Africa|
|Major Players||Berry Global Inc, Silgan Holdings Inc., AptarGroup, Inc., Amcor PLC, and ALPLA. among others|
The plastics segment is expected to be the fastest-growing segment in 2022.
The material segment is metals, plastics, and others. The plastics segment is expected to witness the highest growth rate during the forecast period. Because plastic offers a low-cost technology ideal for high-volume production runs, applications that demand design homogeneity, and applications that need precise tolerances. Recent developments have encouraged the mass manufacture of intricate plastic shapes in order to lower the rate of defective production, particularly in packaging, consumer goods, and construction, boosting industrial growth. Injection moulding requires more plastic polymers as a result of properties including high tensile strength, higher metal tolerance, and high-temperature endurance. These resins also enable a decrease in manufacturing waste, product weight, and overall manufacturing costs, which promotes industry development.
The electric segment is expected to be the fastest-growing segment in 2022.
The technology segment is electric, hydraulic, and hybrid. The electric segment is expected to witness the highest growth rate during the forecast period. The electric machine is quicker to start up, utilizes energy only when it is moving, and is energy-efficient. These machines operate digitally, therefore a speedy process can be accomplished without monitoring. Since the electric portion has incredibly accurate control and monitoring mechanisms, the molding state may be stabilized. As a result, the electric injection molding market is able to be digitally controlled, run at a high speed, and be more productive throughout the entire manufacturing process. The independent motors regulate the entire process from injection to extruder to clamping and ejection. This machine generates less scrap during startup.
The packaging segment is expected to be the fastest-growing segment in 2022.
The application segment is building & construction, packaging, medical, consumables & electronics, automotive & transportation, and others. The packaging segment is expected to witness the highest growth rate during the forecast period. The packaging industry’s increasing need for injection molding is influenced by a variety of reasons, including changing consumer preferences, sustainability, and the expansion of e-commerce. The need for packaging services is also increasing as a result of growing investments in the pharmaceutical, personal care, and food processing sectors. The growth of smartphones, artificial intelligence, and voice recognition technologies, as well as the existence of technology-driven organizations, are predicted to have a substantial impact on the development of the injection molding market. It is projected that rising demand for connections, plug connectors, sensors, electronic components, and other electronics will fuel the expansion.
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the injection molding include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
- The Asia Pacific region witnessed a major share. Due to the sizeable investments made by the governments of various countries in the region in the growth of residential construction and the development of public infrastructure.
Germany’s injection molding market size was valued at USD 0.75 billion in 2022 and is expected to reach USD 1.19 billion by 2030, at a CAGR of 6% from 2023 to 2030. Due to technological advancements, an increase in investment stimulus, and the promotion of technology across a range of end-use industries, including packaging, autos, and medicine. As end-user demand for intelligent packaging that is recyclable and sustainable rises, positive development is projected.
China’s injection molding market size was valued at USD 0.78 billion in 2022 and is expected to reach USD 1.26 billion by 2030, at a CAGR of 6.2% from 2023 to 2030. The significant advancements in the residential and commercial construction sectors have aided China’s economy’s expansion. The housing administration of Hong Kong in China launched a variety of steps to hasten the construction of affordable housing. The government wants to have 301,000 public housing units accessible by 2030. With a CAGR of almost 6.8%, it is predicted that the Chinese packaging market will grow dramatically by 2025 and reach CNY 2 trillion (or USD 282.11 billion). This promising momentum in the packaging industry is expected to spark demand for injection molding across the nation.
India’s injection molding market size was valued at USD 0.60 billion in 2022 and is expected to reach USD 0.96 billion by 2030, at a CAGR of 6.1% from 2023 to 2030. The second-largest industry in India is construction, which contributes 9% to the country’s GDP. The construction sector had significant growth in 2021 as a result of rising end-user spending and intensifying government programs for the building industry’s rehabilitation following COVID-19. The Indian construction sector is anticipated to reach USD 1 trillion by 2030, making it the third-largest market in the world. The Indian government also expects the market for pharmaceutical products to reach USD 130 billion by 2030. India has exported pharmaceutical items to more than 200 nations, and this trend may continue in the future.
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of the injection molding market is mainly driven by the rise in healthcare sector..
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Digital Printing for Tableware Market worth $452 million by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, Dec. 1, 2023 /PRNewswire/ — The Digital Printing for Tableware market is projected to reach USD 452 million by 2029 from USD 326 million in 2024; it is expected to grow at a CAGR of 6.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. Heightened interest in sustainable printing practices, escalating needs within the foodservice sector, swift advancements in digital printing technology, and the accelerated prototyping and assessment of novel designs within the tableware industry are poised to propel the expansion of the Digital Printing for Tableware market.
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Browse in-depth TOC on “Digital Printing for Tableware Market”
140 – Tables60 – Figures240 – Pages
Digital Printing for Tableware Market Report Scope:
Market Revenue in 2024
$ 326 million
Estimated Value by 2029
$ 452 million
Poised to grow at a CAGR of 6.8%
Market Size Available for
Value (USD Million/Billion)
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
By Application, Ink type and Region
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Compatibility with limited materials
Key Market Opportunities
Increasing demand from the in-plant market
Key Market Drivers
Rapid technological advancements in digital printers
This market exhibits a promising growth trajectory, buoyed by prospects like escalating demand from the in-plant market, substantial investment in digital printing-centric research and development endeavors, and the consequent decrease in per-unit printing costs facilitated by digital printers.
The Ceramic and porcelain application segment is expected to hold the largest market share of the digital printing for tableware market during the forecast period.
In 2023, the Ceramic and porcelain segment held the largest market share, and this pattern is expected to persist in the forecast period. Cutting edge ceramic digital printing technology for the tableware industry is expected to revolutionize the tableware industry during the forecast period. While digital printing for porcelain tableware combines precision and versatility allowing intricate designs to enable growth of the market. Digital printing for ceramic and porcelain tableware products involves the use of advanced printing technology to apply intricate and high-quality designs directly onto ceramic and porcelain surfaces. This modern printing method has become increasingly popular in the tableware industry due to its ability to offer customization, detailed graphics, and efficient production processes.
The UV Ink segment is expected to hold the largest market share of the digital printing for tableware market during the forecast period.
The use of UV ink in digital printing for the tableware industry is driven by its unique properties and advantages that cater to the specific requirements of decorating and customizing various tableware items, such as ceramics and porcelain. It offers rapid curing, color vibrancy, versatility in design, customization capabilities, durability, efficiency in production, and reduction in waste. Because of such advantages over other inks like ceramic ink, and solvent based ink, the UV ink type is expected to hold the largest market share.
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The North American region is expected to hold the largest market share during the forecast period.
During the forecast period, North America region is poised to experience the most significant growth in the digital printing for tableware market. The surge in consumer appetite for personalized tableware due to digital printing capabilities to deliver unique designs is expected to drive the market growth in the North American region. Also, presence of major companies such as Electronics for Imaging, Inc., Inkcups Now, Boston Industrial Solutions, Inc., and INX International Ink Co., in the North American region enables research and development activities in digital printing technologies benefitting the tableware industry owing to increase in the demand for customization of tableware products across the region.
Key Players Market
SACMI (Italy), Electronics for Imaging, Inc. (US), Inkcups Now (US), Mimaki Engineering Co., ltd. (Japan), Boston Industrial Solutions, Inc. (US), PROJECTA ENGINEERING S.R.L. (Italy), Engineered Printing Solutions (US), INX International Ink Co. (US), KERAjet (Spain), and Dip-Tech Digital Printing Technologies Ltd. (Israel) are key players in the digital printing for tableware companies.
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About Syntax Syntax provides comprehensive technology solutions and trusted professional, advisory, and application management services to power businesses’ mission-critical applications in the cloud. With 50 years of experience and 800+ customers around the world, Syntax has deep expertise in implementing and managing multi-ERP deployments in secure private, public, hybrid, or multi-cloud environments. Syntax partners with SAP, Oracle, JD Edwards, AWS, Microsoft, and other global technology leaders to ensure customers’ applications are seamless, secure, and at the forefront of enterprise technology innovation. Learn more about Syntax at www.syntax.com.
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